CFTC Chairman Michael Selig Takes Office Amid Expectations of Crypto Regulation Reforms
AI Summary1 min read
TL;DR
Michael Selig is sworn in as CFTC Chairman, replacing Caroline Pham. As a pro-crypto advocate, he is expected to shape future crypto regulations with a principles-based approach to balance innovation and market protection.
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CFTCMichael Seligcrypto regulationdigital assetsmarket protection
Michael Selig has been sworn in as the new Chairman of the Commodity Futures Trading Commission (CFTC), replacing Caroline Pham. Selig, a pro-crypto advocate, is expected to influence future regulations in the crypto industry, focusing on principles-based regulations that balance innovation with market protection. His appointment has not yet had an impact on the crypto market, but his influence on upcoming digital asset regulations is anticipated.
